Telegram and Toncoin (TON) founder Pavel Durov has disputed French media claims that his brief detention in France last year was meant …
Allegations
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Regulation
Binance Founder CZ Hits Back at ‘Smear’ Allegations He Gave Evidence Against Justin Sun in Plea Deal
by shayaanby shayaanFormer Binance CEO Changpeng Zhao, who goes by CZ, and Tron founder Justin Sun strongly denied a Wall Street Journal report claiming …
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This is a segment from The Drop newsletter. To read full editions, subscribe. Abstract, the Ethereum L2 blockchain that claims it’s “leading …
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Regulation
Justin Sun Calls for Reform of Hong Kong’s Trust Laws After TUSD Misappropriation Allegations
by shayaanby shayaanHONG KONG—It was a battle of stablecoin issuers Thursday afternoon in Hong Kong, with Justin Sun, the founder of the Tron blockchain, …
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Regulation
Hong Kong reevaluates crypto trust rules amid Justin Sun’s First Digital Trust allegations
by shayaanby shayaanHong Kong lawmaker Johnny Ng has vowed that authorities will act quickly if fraud allegations against First Digital Trust (FDT), the issuer …
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Markets
First Digital to 'Pursue Legal Action' Over Justin Sun Allegations as FDUSD Drops
by shayaanby shayaanFDUSD, the stablecoin issued by Hong Kong-based First Digital, has wobbled from its $1 price peg as investor concerns mounted over its …
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Regulation
Crypto Investment Firm Galaxy Digital Settles With New York AG for $200,000,000 Over Luna Allegations
by shayaanby shayaanThe crypto investment giant Galaxy Digital has settled with the New York State Attorney General for $200 million after facing allegations that …
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Markets
Crypto Exchange Bithumb Raided by South Korean Prosecutors Over Embezzlement Allegations: Report
by shayaanby shayaanProsecutors in South Korea have launched an investigation into Bithumb, one of the country’s largest cryptocurrency exchanges, over claims that company funds …
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Regulation
OKX denies allegations of regulatory investigation and role in laundering stolen funds
by shayaanby shayaanOKX has denied claims that European regulators are examining its Web3 service for allegedly allowing Bybit hackers to launder $100 million in stolen …
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Regulation
David Sacks rejects conflict of interest allegations, calling them ‘a lazy and stupid narrative’
by shayaanby shayaanDavid Sacks has defended himself against recent allegations that he used his position to manipulate crypto markets, calling the claims baseless. Speaking …